Real Insurance offers 'build your own approach'
A small general insurer has sought to bring a new approach to the market, offering customers the opportunity to pick and choose the elements and extent of the cover they want.
The new offering has been brought to market by Real Insurance, which is describing it as a “build your own approach”.
Commenting on the offering, Real Insurance chief executive Richard Enthoven said the beauty of the “build your own approach” was that it gave consumers the ability to pick and choose exactly what they want in terms of insurance.
“More importantly, it gives them the flexibility to play around with the options in order to adjust their premiums to fit their budget,” he claimed.
“Whether it is basic cover, comprehensive cover, third party, or a pay as you drive option for those who drive less kilometres than most, people have the choice to leave out or add on as much additional protection as they require,” Enthoven said.
Recommended for you
ASIC has accepted a court enforceable undertaking from a Perth-based company auditor who failed to adequately conduct multiple audits on an advice firm that receivers say has $100 million missing.
After a brutal month for adviser numbers, the net loss for June now stands at more than 100 advisers, but the financial year is still on track to end in positive territory.
Two advice platforms have been identified by Adviser Ratings as standouts for efficiency as time-pressured advisers become evermore fickle in their platform selection.
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.
